Asian Markets Track Wall Street Lower

Asian markets are trading mostly lower on Thursday, following the broadly negative cues from Wall Street overnight, as rising volatility in crude oil prices, global currency and bond yields continue to weigh on market sentiment. Technology stocks are also dragging the markets amid a surge in AI-related corporate debt. Asian markets closed mostly lower on Wednesday.

Traders largely shrugged the minutes of the US Federal Reserve’s latest monetary policy meeting, which confirmed most officials expect to once again raise interest rates before the end of the year.